Linde PLC (NYSE:LIN) Declares Quarterly Dividend of $0.96

Linde PLC (NYSE:LIN) declared a quarterly dividend on Monday, July 27th, Zacks reports. Investors of record on Thursday, September 3rd will be paid a dividend of 0.963 per share by the basic materials company on Friday, September 18th. This represents a $3.85 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, September 2nd.

Linde has a payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Linde to earn $8.47 per share next year, which means the company should continue to be able to cover its $3.85 annual dividend with an expected future payout ratio of 45.5%.

Shares of NYSE LIN traded up $1.23 during mid-day trading on Wednesday, hitting $244.93. 32,366 shares of the company traded hands, compared to its average volume of 1,959,553. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 0.21. Linde has a 1 year low of $146.71 and a 1 year high of $248.88. The stock has a market capitalization of $128.68 billion, a price-to-earnings ratio of 56.37, a PEG ratio of 3.04 and a beta of 0.72. The business has a 50 day moving average of $221.25 and a two-hundred day moving average of $200.37.

Linde (NYSE:LIN) last released its earnings results on Thursday, May 7th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.06. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.74 billion. Linde had a net margin of 8.35% and a return on equity of 8.06%. As a group, research analysts anticipate that Linde will post 7.38 EPS for the current year.

LIN has been the subject of a number of research analyst reports. UBS Group increased their target price on Linde from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Cfra reduced their price objective on Linde from $245.00 to $209.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. HSBC lowered Linde from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a research report on Tuesday, June 16th. They noted that the move was a valuation call. Deutsche Bank dropped their target price on Linde from $230.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Argus raised shares of Linde from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a research report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $218.59.

Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Dividend History for Linde (NYSE:LIN)

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